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Aircraft orders are up at the Farnborough airshow, as Boeing and Airbus compete for deals
As the 'Farnborough International Airshow' opened on Monday, more aircraft orders are expected to be announced this week. The?British show is one of the largest gatherings in the sector. Sources in the industry said that despite expectations of 800 or more aircraft, 'dealmaking' is expected to fall short. This is because?Airbus &?Boeing are still struggling with production bottlenecks and supply-chain constraints. Here are some of the most important deals that have been made so far. SMBC AVIATION CAPITALS Boeing and SMBC Aviation Capital have announced that they have ordered 100 737-MAX aircraft, including 60 737-10 jets and 40 737-8 jets. The 737-10 is SMBC Aviation Capital’s first order for the highest-capacity variant of the 737?MAX. SMBC announced that it had placed a firm 100 Airbus A320neo family aircraft order. Airbus'?order includes 65 A321neos and 35 A320neos, and deliveries are expected to start in the first half decade of the?decade. INDIGO India’s largest airline signed a memorandum with CFM International for the purchase of over 1,000 LEAP-1A engine. This would be a record-breaking deal?for an engine manufacturer that has been criticized by industry due to maintenance delays. RIYADH AIR The 'Saudi carrier exercised its options on 28 'Boeing 787 Dreamliners, from an order placed in the year 2023. 20 of these aircraft were converted to the 787-10 variant. The firm has also confirmed a further six Airbus A350 1000 aircraft orders, bringing its total A350 1000 order book up to 31 aircraft. PHILIPPINE Airlines announced that it had placed a new order with Boeing for 20 Dreamliner 787-10 widebody twinjets. The order is composed of 15 firm orders, and five options. Philippine Airlines, which has operated Boeing aircraft for many years, including the 777-300ERs it currently operates, has never before operated Boeing's Dreamliner 787-10. Other Deals Japan's Skymark Airlines and Aviation Capital Group have agreed to lease seven Boeing 737 MAX 10 narrowbody twinjets. Deliveries will begin in 2028. Airbus' first order at the show was a commitment from UK's National Police Air Service to purchase two more H135 helicopters, bringing their fleet renewal program up to nine H135s. Delivery is expected to begin in 2028. British Airways has announced that it will be ordering Pratt & Whitney GTF engine for up to 63 Airbus A320neo jets, 33 'firm orders' and 30 options. Singapore-based BOC Aviation has placed its largest ever engine order. It will purchase and option 300 CFM International engines in support of its growing Airbus and Boeing narrow body fleet.
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EU wheat is flattened on signs that Russian/Ukrainian attacks at ports are not escalating
The European wheat futures were unchanged in Paris on Monday, traders said. They were relieved that the attacks by Russia and Ukraine on grain terminals and?shipping of grains? had not increased. The European wheat market posted its largest weekly gain in more than four decades on Friday, after Russia and Ukraine repeatedly struck each other's grain terminals and grain shipping facilities. Both sides had left them largely unaffected during their war. The benchmark September milling grain on the Paris-based Euronext ended the daytime sessions unchanged at EUR234.75 (USD267.97) per metric ton. It gained 8.4% on fears that the attacks on grain shipments could reduce Black Sea wheat exports. One German trader stated that despite the continued attacks against grain ships, they did not appear to be worsening. Ukraine seems to be concentrating their attacks on tankers. He said it was a relief that Ukraine did not strike the massive grain terminals in Russia's Novorossiysk Port, which could have caused major disruptions to the grains markets. One French trader stated that the market seemed to be taking a break despite the events of last weekend. I think the trend shouldn't change much in the absence of visibility regarding a possible?agreement. I've heard that Black -Sea FOB wheat values are still quite firm. This also limits the downside of the market. Euronext declined despite more bad news about French crops. Argus Media reported on Monday that France's soft 'wheat' crop will fall to 30,80 million metric tonnes this year, down 7.6% compared to '2025. This is after hot and dry weather 'hit yields' in the 'European Union's largest producer of the cereal.
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Executives say that private investors need to invest in defence to make up for the funding deficit.
Senior finance executives told the Farnborough Airshow that private investors need to fill the gap left by cash-strapped governments. But, too many bottlenecks and barriers discourage investment. Cathal Deasy said that "public spending will not be enough. We need to mobilize private capital in large quantities." He added that national governments must act more quickly and with greater clarity. According to event organizers, bankers and investors have attended the annual aerospace conference in record numbers this year. They are attracted by the prospect of 'cashing in' on a global boom for defence investing amid increasing geopolitical tensions. Investor sentiment has recently cooled, as reflected by the weaker stock prices of defence firms. The Franco-German defense group KNDS, for example, put its'stock market listing on hold until conditions improve. Farnborough is expecting to host more than 600 finance delegates, a threefold increase compared to 2025. These include executives from Goldman Sachs and JPMorgan, as well as Qatar's sovereign fund. Amin Mansour is a vice-chairman at Dutch bank ING. He told the press ahead of the event that banks are now more willing to invest in the defence sector. The bank has about 50 bankers who work across sectors on funding deals, compared to just a few five years ago. REVOKING DEFENSE VALUATIONS This year, the recent rally of European defence stocks has slowed. The index of aerospace and defence stocks is up by 1.3% from the beginning of 2026. Meanwhile, the broader?STOXX 600 has gained 8%. A senior executive from one of the largest U.S. private equity firms, who refused to be identified, said that valuations for defence companies had been "reckoned" in the last year, but have since become more investible. Some said that despite the fact that many smaller defense contractors are still missing out on private funding due to factors such as complex procurement, they continue to be disadvantaged. Ephraim Rudman is a partner in Apollo's financial institutions group. He said that getting capital into the supply chain was a challenge and created bottlenecks. (Reporting and editing by Tommy Wilkes, Sharon Singleton, Alun John)
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A northern city lost trains to London on the day Andy Burnham became UK PM
Andy Burnham, who was elected as the new prime minister of England on the same day that he promised to invest and give more power to the north, suffered a blow when one of its key train operators cut many direct services from the region to London. Burnham, a former mayor of Greater Manchester, promised to gain greater control over key privatised services, such as trains, in order to boost productivity and connectivity, improve living conditions, and revive the economy. East Midlands Railway imposed a new timetable on Monday that disrupted services from Sheffield, Nottingham and London. The company did not specify a date by which services would resume. Cutbacks are an example of the frustration Burnham promised to address. Britain struggles to build, maintain and operate infrastructure reliably. Many of its services are delivered by private companies who do not report to local politicians. Oliver Coppard is the mayor of South Yorkshire Mayoral Combined Authority, which oversees Sheffield and its neighbouring towns. He told? It was a "test case" to see if Burnham's promise of empowering the regions could fix these problems. Coppard stated that he was now reduced to saying to private companies, "Do better". "That's just not good enough." "I want to bring back the power and control in South Yorkshire so that we can make these decisions and change these systems so that they work for people." EMR stated that the timetable reduction was due to the delays in the introduction of new Hitachi train models. EMR data showed that almost one out of five scheduled services between Sheffield and 'Nottingham to London will be either cut or run using fewer carriages. The company acknowledged that "temporary changes" may cause inconvenience, but said it would do its best to minimize the impact. The Department of Transport did not respond to a request for comment. Sheffield is a city known for its steel industry and has a population close to 600,000. Boeing and McLaren Automotive are two of the major employers. Henri Murison is the head of?Northern Powerhouse Partnership', a business-backed lobby group for investment in Northern England. He expressed concern that the news might permanently damage the area's attractiveness. (Reporting and editing by Hugh Lawson; Reporting by Andy Bruce)
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China suspends aviation company linked to Beijing light aircraft crash
China's Civil Aviation Authority on Monday ordered the operator of a light aircraft that crashed into Beijing’s tallest building in late August to suspend operations, ground aircraft and eliminate “major safety risks”. The pilot of a two-seater, single-engine light sport aircraft was killed in the rare crash that occurred during rush hour evening rush hours in Beijing's crowded?central business district. Local government officials have confirmed that 13 other people were injured in the crash. Local government officials said that the pilot suffered from insomnia, anxiety and had written in his diary about ending his own life. Questions remain about how the plane managed to enter the restricted airspace. The North China Regional Administration (CAAC) of the Civil Aviation Administration of China said that the aviation authorities were "unable to confirm" whether the qualifications of the companies' pilots and the airworthiness of the aircraft met the flight safety requirements for the items of operating licenses applied for. The notice also named a company called Dongshi Kunpeng General Aviation. It wasn't immediately clear whether Dongshi Kunpeng - a company based on the outskirts of Beijing - had any connection to the crash. Outside of normal business hours, it was impossible to reach Dongshi Shuangyue and Dongshi Kunpeng. In a 2024 promotional video, the Beijing-based Dongshi Shuangyue was shown as being the owner and operator of the plane that crashed last month, with registration number B-12PP. According to a source with knowledge of the incident in June, The Financial Times reported that the aircraft belonged to Dongshi Shuangyue. This company offered low-altitude scenic flights, flight training and hands-on experience programs in the suburb Pinggu District, located about 50 km from the center of Beijing. The notice did not mention the crash, but ordered the companies to immediately eliminate hidden hazards, suspend temporary production and business operations and stop using aircraft. The company cited their prolonged suspension of flight activities for the order to suspend operations. A document from the CAAC shows that both companies were listed in its registry of general aviation operators licensed in May. Reporting by Beijing Newsroom, Editing by Alexander Smith
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US appeals court dismisses class action Boeing arising from MAX 9 explosion
A federal appeals court decertified on Monday a class action filed by shareholders accusing Boeing of prioritizing profits over safety, and exaggerating its commitment to aircraft safety. This was prior to the mid-air panel blowout that occurred on a Alaska Airlines 737 MAX in January 2024. The 4th U.S. The 4th U.S. Circuit Court of Appeals ruled that shareholders?led?by Rhode Island's State Treasurer failed to provide?an adequate methodology for calculating damages on a?classwide?basis. The lawyers for the shareholders didn't?immediately? respond to requests?for comments. Boeing's lawyers also did not respond immediately to similar inquiries. Class actions allow for greater recovery at lower costs than individual lawsuits. Boeing shareholders accused the Arlington, Virginia-based firm of inflating the stock price of its company by making misleading statements after the two MAX crashes in October 2018 and March 2019 that killed 346 people. U.S. district judge Leonie Brinkema of Alexandria,?Virginia ruled that in March 2025,?shareholders in Alexandria who purchased Boeing stock between January 7,?2021 and January?8,?2024, could sue?as a collective for?damages. The appeals court sent the case back to her.
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Aircraft orders are up at the Farnborough airshow, as Boeing and Airbus compete for deals
Airlines announced aircraft orders at the Farnborough International Airshow, which opened on Monday. More are expected to be revealed this week. The 'British event is one of the largest gatherings in the sector. Sources in the industry said that despite their expectations, they expect dealmaking will fall short of the '800 aircraft or more' expected by Airbus and Boeing. Here are some of the most important deals that have been made so far. SMBC AVIATION CAPITIAL Boeing and SMBC Aviation Capital have announced that they have ordered 100 737MAX aircraft, including 60 737-10?and forty 737-8 jets. The 737-10 is SMBC Aviation Capital’s first order for the highest-capacity variant of the 737?MAX. RIYADH AIR The Saudi airline exercised options on 28 Boeing 787 Dreamliners, from a 2023 order. 20 of these aircraft were converted to the 787-10 version. The firm has also confirmed an additional six orders for?Airbus A350 1000 aircraft, bringing its total A350 1000 order book to 31, aircraft. PHILIPPINE?AIRLINES Boeing has announced that it will be supplying up to 20 Dreamliner 787-10 widebody twinjets, with 15 firm orders and 5 options. This order builds on a 80-year relationship between the two airlines. Philippine Airlines, which has operated Boeing aircraft for many years, including the 777-300ERs it currently operates, has never before flown Boeing's 787-10 Dreamliner. OTHER DEALS Japan’s?Skymark Airlines and Aviation Capital Group have agreed to lease seven Boeing 737 MAX-10 narrowbody twinjets. Deliveries will begin in 2028. The first Airbus order at the show was a commitment from UK's National Police Air Service for two more H135 helicopters, bringing their fleet renewal program to nine H135s. Delivery is expected to begin in 2028. British Airways has announced that it will be using Pratt & Whitney GTF engine for up to 63 incoming Airbus A320neo aircraft: 33 firm orders, and 30 options. Singapore-based BOC Aviation, a lessor of aircraft in Singapore, placed its largest-ever order for engines. It agreed to purchase up to 300 CFM International engine options to support the growing Airbus and Boeing narrow body fleet. Reporting by Maria Rugamer and Joanna Plucinska; Editing by Adam Jourdan, Sharon Singleton and Sharon Singleton
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Ireland cracks down on electric scooters after a rise in serious injuries
Ireland has announced that it will increase the age limit for using 'electric scooters' from 16 to 18. It also requires riders to have a license and to wear helmets. However, this is not a total ban as Prime Minister Micheal Mart had suggested. Ireland has joined a few other European cities and countries in clamping down against the exploding use of e-scooters after an increase in accidents, especially among children. Children's Health Ireland, which runs all national paediatric services, reports that admissions for traumatic head injuries resulting from escooter accidents rose by 50% over the past 12 months. CHI estimates one to two children a week will present in the emergency department with e-scooter related injuries this summer. Martin said last week that he is leaning toward an 'outright ban. The head of the Irish Police force has stated he would support this option. He also added that these vehicles are being used for drug trafficking and to "terrorize" local communities. The government announced in a statement that a potential ban would remain on the table. Other measures include the wearing of high visibility jackets, and the prohibition of the sale e-scooters which can exceed the legal limit of 20 km/h (12.4 miles/h). Suzanne Crowe is a consultant for intensive care medicine in one of Dublin's main children's hospital. She said that better enforcement of laws was key. She told RTE that she would like to see the ban reviewed after a few months. If there is still no reduction in injuries, then I believe it will be necessary to consider an outright prohibition. (Reporting and editing by Andrei Khalip, Padraic Halpin)
India's SpiceJet states Carlyle Air travel will write off $40 mln of lease arrears
India's SpiceJet said on Tuesday that Carlyle Group's commercial air travel financial investment and servicing system will cross out $40.2. million of the airline's lease arrears and convert $30 million. of its arrears into equity.
The conversion, at 100 rupees ($ 1.19) per share of SpiceJet,. is a 56% premium to its close on Monday.
The budget carrier's shares leapt as much as 6% after the. announcement.
The write-off comes days after the airline company stated it will. convert charges to Carlyle Aviation into equity and debentures. The. airline has been having a hard time to completely bring back operations in spite of. multiple fundraises over the last year, routing rivals IndiGo. and Tata-owned Air India in terms of market share.
The conversion will substantially increase Carlyle. Aviation's stake in the provider, SpiceJet stated.
Carlyle Aviation presently holds a nearly 6% stake in. SpiceJet, the latter stated in an action to a Reuters query. The airline did not divulge the stake Carlyle Air travel will. hold post-conversion.
Late last month, the country's aviation watchdog placed. SpiceJet under improved security after a current audit. exposed certain deficiencies.
(source: Reuters)